Hello everyone, Today an exceptional movement, hence this analysis. Anxiety is not a good counselor. With today's major decline, a gap has been created (skipped price area) of just 10 points. These are usually closed again later when the market has calmed down. We have almost reached an important support zone 590 - 580, below we can really speak of a trend...
Hello everyone, The target of 10500 has been reached, what now? It is important to see that top formation in the RSI is manifesting itself. We are approaching a short-term summit that can now be formed. 10500 is also the 0.382 level of fibonacci. Cooling is again necessary to continue rising! I think we are going to make a correcting back to the zone 9000 (0.618...
Hello everyone, After the MA50 was broken (short signal) a higher bottom was formed at 590 and strongly rebounded back by the MA50, this has in fact been a bear trap with a reverse strong movement as a result. I have waited a while for confirmation with an outbreak by the red top line and negative divergence in the RSI. Today the red top line has been broken as...
Hello everyone, After a long period of bouncing sideways, a breakthrough happened today due to the rising support line accompanied by the MA50 (purple line). this results in a short signal whose final goal cannot yet be determined, I think a fall back to zone 583 is possible, here also lies the neck line of the previously formed inverted SHS pattern. Support...
Hi everyone, The target of the inverted SHS pattern around 9050 has been reached , what now? Cooling is necessary to be able to rise further! See that the RSI suggests top formation as well as DMI indicator. The previously broken (blue) resistance line must be tested successfully. Support points on MA20: 8200 MA50: 7750 If a...
Hi everyone, there is a strong rise coming after the breakthrough today by the 7750 there are different patterns completed that give a target of around 9050. 1. inverted SHS pattern with neckline at 7750 2. outbreak from rectangle = continuation pattern 3. MA 20/50 cross 4. RSI bull zone The only drawback is the resistance line that needs to be overcome, above...
Hello everyone, We start the year with a sideways movement (see rectangle) this is a continuation pattern, it is waiting for an outbreak. The MA20 was able to compensate for the decline yesterday, see that the bottom of the rising trend channel roughly coincides with the MA50. This is an important support, if it breaks, a correction will follow. The signals are...
Hello everybody, I'm going to start the new year and decade with a long-term analysis based on the monthly chart. What is striking is that in the years 2000 - 2010 there was always a crash after a breakthrough of the MA50. (2001 - 2008) See that in 2010 - 2020 the MA50 offered support twice and a crash (2016 and 2018) has been subtly avoided. What does 2020...
Hello everybody, The year is slowly coming to an end, see that after the successful back test of the bottom of the channel we are now back at the top, there is still a small space to reach the 618/620 zone. At the bottom there are 600 and 595 support points, it is important that the trend channel remains intact in the coming weeks so there is no short signal. I...
Hello everybody, The index has done a successful back test in zone 585 in recent days, see also that the MA50 (purple line) has provided the necessary support, and the upward trend channel. At the top there is now more room towards 610, a start for a nice end-of-the-year rally. Regards, TT
Hello everybody, We are back at the top of the (red) resistance line, RSI is over bought, MACD high. A small correction is needed towards the outbreak around 3026. Support points on 3097/3050/3026. The credo remains "buy the dips"! Under 3026 the scenario expires and there is a short signal Regards, TT
Hello everybody, Following the outbreak of 5 November, consolidation is currently underway with a narrow range of 5 points between 595 and 600 (see green horizontal lines). The maximum is 605 for the short term. The blue resistance line is provisionally a game breaker for a big move up. The RSI is also lagging behind course. A retest of the 586 outbreak would be...
Hello everybody, It finally happened, a breakthrough by the long-term resistance at 586. The intention now is to stay above it;). First resistance is now around 591 then psychological 600 see also blue previous resistance line in the graph. If the lock can close well above 586 on a weekly basis, a long-term reverse SHS pattern has been completed. We shall see...
Hello everybody, It has been extremely boring lately, the index is trapped between zones 572 and 580. It is time for an outbreak to occur. The bulls are currently in the best position given the RSI. The last bear market (red rectangle) was shorter than the previous one and at a higher level. The bulls now have to take their chance to break up. No short signals...
Hello everyone, Here you can see a nice image of a bat with an important resistance line on 2951. In the previous weeks it appeared that there were important pivot points in combination with the RSI. (see the arrows in the RSI). My expectation is that we will continue to fall in the coming days / weeks until the retest of the 2744 according to the falling trend...
Hello everybody, A strong development in the AEX, yesterday's hammer is confirmed as a bottom pattern after the outbreak from the falling trend channel, still resisting at 580 and 586 above long-term signal. Support on 572 and 565. regards, TT
Hello everyone, Today there is a reversal candle in the day graph. This means that the previous daily rise has been completely canceled out, this is again a negative development. There is now a lower top in the AEX at 570. I have drawn a falling trend channel which could be the next follow-up. Also see in the RSI that the indicator has not entered the bull zone....
Hello everybody, The index has dropped back by the 572, and how. The algorithms started to work and the gaps at 565 and 560 were closed at high speed. In the daily chart, the RSI ended up in a bear market, which could put further pressure on the index in the coming weeks. The following supports are 556/549 and the last 535. In the event of a recovery, look out...